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IPO Note - RailTel Corporation of India Ltd By Ventura Securities
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RailTel, incorporated in September 2000, is a Mini Ratna (Category I) Central Public Sector Enterprise, wholly owned by the Government of India and under the administrative control of the Ministry of Railways. The company is an Information and Communications Technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India. As of 31st January 2021, RailTel’s optical fiber network covered 59,098 route kilometers and 5,929 railway stations across towns and cities in India. The company operates data centers in Gurugram, Haryana and Secunderabad, Telangana to host and collocate critical applications for customers.
During FY18-20, RailTel’s revenue grew at a 7.5% CAGR to Rs. 1,128 cr in FY20. Over the same period, its EBITDA grew at a CAGR of 12.4% to Rs. 334 cr in FY20 while the net profit grew at a CAGR of 2.6% to Rs. 141 cr in FY20.
* RailTel has a pan-India optic fiber network and is among the largest neutral telecom infrastructure providers in the country. As of 31st January 2021, RailTel has exclusive right of way along 67,415 route kilometers connecting 7,321 railway stations for laying optical fiber cable and offers high capacity bandwidth of up to 800G at 87 locations in India. RailTel’s pan-India network comprises various technologies including next generation network (NGN), packet transport network, DWDM and IP-MPLS.
* The company offers a diverse range of services including telecom network services, telecom infrastructure services, managed data center and hosting services and projects (system integration services) across various industries.
* RailTel is a key partner to the Indian Railways in digital transformation. RailTel provides a variety of services to the Indian Railways and is also working with the Indian Railways to transform railway stations into digital hubs by providing public Wi-Fi at railway stations across India.
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